Latest GMAC Stories

2011-08-17 08:30:00

NEW YORK, Aug. 17, 2011 /PRNewswire/ -- Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that the city of Greenville, North Carolina has renewed its leases on their fleet of BMW police motorcycles with Sparta's Municipal Lease Program. The original three-year transaction occurred in August, 2008, and will now be extended until August, 2013, at which point the city will own the vehicles outright. Sparta is currently serving nine jurisdictions in the state of North Carolina...

2011-08-02 15:02:00

NEW YORK, Aug. 2, 2011 /PRNewswire/ -- Current Capital LLC ("Current Capital"), a private equity investment and portfolio management firm focused on middle market and smaller companies in the industrials and services industries, announced the acquisition of Stackpole International ("Stackpole"), the former Powertrain division of Gates Canada, a leading designer and manufacturer of highly engineered oil pumps and powdered metal components for automotive manufacturers and other customers....

2011-08-02 07:00:00

NEW YORK, Aug. 2, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today reported net income of $113 million for the second quarter of 2011, compared to $146 million in the prior quarter and $565 million for the second quarter of 2010. Core pre-tax income, which reflects income from continuing operations before taxes and original issue discount (OID) amortization expense primarily from bond exchanges, totaled $466 million in the second quarter of 2011, compared to $428 million in the...

Word of the Day
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.